Developing Nations
Return to Debt Market

NEW YORK -- The Philippines sold $1 billion in overseas debt to bridge a financing gap at National Power, a cash-strapped, state-owned utility company, as debt issuance by emerging-markets nations stirred after a quiet August.

Among other offerings, Brazil put the finishing touches on an eight-year, &euro;750 million (about $908 million) sovereign-bond issue in London, while state-run Petroleo Brasileiro, also known as Petrobras,...